Individuals to be excluded from auctions of treasury bills and gov’t bonds: BoA
Individuals will not be allowed to participate in treasury bills and government bonds in Albania.
The Albanian Government and the Bank of Albania are working on a project that will bring significant changes in the organization of the primary government debt securities market.
Only banks and other institutional investors will participate in the auctions, while individuals will be able to buy and sell securities only through banks and other primary market intermediaries.
Even the Bank of Albania is expected to withdraw from the treasury bills auctions, a move that is intended to fundamentally change the structure of the government’s domestic debt.
According to the latest data, individuals and Bank of Albania together hold over 24% of the public debt stock for a value estimated at approximately 1 billion euros.
This project, in essence, aims to develop the secondary market of bonds and bonds, making them tradable instruments.
Currently, most government securities are held until their maturity, while only a small portion is sold before the deadline.
This would be a further step forward towards a steady development of the financial market in Albania, at a time when the first private securities exchange has been licensed recently.
SCAN
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